4:126 The statutory governing body is responsible for establishing, approving and overseeing the implementation and maintenance of effective policies to identify, assess, manage and mitigate or prevent actual and potential conflicts of interest at firm level, e.g. as a result of the various activities and roles of the firm, of different firms within the consolidated scope of prudential supervision or of different business lines or units within the firm, or with regard to external stakeholders (including, where appropriate, entities in which a director of the firm holds a position).

4:127 For more information on the conflicts of interest policy at firm level, please see paragraphs 96 and 97 of EBA/GL/2021/14.